News
China’s economic diplomacy pursues mutual benefit, win-win results
By Zhao Lei
China is the world’s second-largest economy, largest trader in goods and top recipient of foreign investment. The Chinese economy is deeply integrated with the global economy, and the country’s economic diplomacy has become an important part of major-country diplomacy with Chinese characteristics.
China’s economic diplomacy not only serves the development of China, but also safeguards the common interests of the international community. It pursues mutual benefit and win-win results.
“Opening up” is a keyword of China’s economic diplomacy. In the past more than 20 years after China’s accession into the WTO, China’s overall tariff level has dropped to below 7.4 percent from 15.3 percent, much lower than what the country promised when entering the organization.
Last year, China’s annual foreign trade value, seeing improvement in its scale, quality and efficiency, for the first time exceeded 40 trillion yuan (about $5.94 trillion). The country has maintained the world’s top trading nation in goods for six years in a row.
Amid mounting global protectionism, China has made important contributions to building an open world economy with concrete actions.
In the next step, the country will steadily expand institutional opening-up with regard to rules, regulations, management and standards, further widen market access, reasonably shorten the negative lists for foreign investment access, and improve the system of pre-establishment national treatment plus a negative list for foreign investment, so as to foster a market-oriented and world-class business environment governed by a sound legal framework.
China has worked to build a globally-oriented network of high-standard free trade areas and to promote the negotiation and conclusion of high-standard free trade agreements.
Since establishing the first pilot free trade zone (FTZ) in 2013, the country has so far set up 21 pilot FTZs and the Hainan Free Trade Port.
China will advance its free trade agreement strategy to effectively connect domestic and foreign markets and relevant resources, in terms of “expanding scope, improving quality and raising efficiency,” aiming to provide institutional support for its high-level opening-up and to serve the building of a new development paradigm.
The country has signed 19 free trade agreements with 26 countries and regions. The volume of trade between China and its free trade partners accounts for about 35 percent of the country’s total foreign trade.
China has made joint efforts with relevant parties on the full and high-quality implementation of the Regional Comprehensive Economic Partnership, so as to make the world’s biggest free trade agreement release more dividends.
At present, China is actively advancing its accession to high-standard economic and trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, which fully demonstrates the confidence of China’s economic diplomacy.
China is also joining hands with relevant parties to advance high-quality Belt and Road cooperation.
So far, China has signed over 200 BRI cooperation documents with 151 countries and 32 international organizations. A large batch of flagship projects have been put into use or are under construction, such as China-Laos Railway, Piraeus Port, Mombasa-Nairobi Standard Gauge Railway, Addis Ababa–Djibouti Railway, Belgrade-Budapest Railway, China-Belarus Industrial Park and Jakarta-Bandung High-Speed Railway.
China is to consider holding the third Belt and Road Forum for International Cooperation this year, so as to inject new impetus into global development and prosperity.
China is actively pushing for closer international cooperation in development.
In 2021, the country proposed the Global Development Initiative (GDI). Aiming at building a global community of development, the GDI puts development first and the people at the center. It advances practical cooperation in key areas including poverty alleviation, food security, COVID-19 response and vaccines, development financing, climate change and green development, industrialization, digital economy and connectivity.
The GDI puts development high on the global macro policy agenda, strengthens policy coordination among major economies, and ensures policy continuity, consistency and sustainability. Besides, it fosters global development partnerships that are more equal and balanced, forges greater synergy among multilateral development cooperation processes, and speeds up the implementation of the UN 2030 Agenda for Sustainable Development.
More than 100 countries and many international organizations including the UN have voiced support for the initiative, and nearly 70 countries have joined the Group of Friends of the GDI.
China’s economic diplomacy always puts safeguarding the stable and smooth flow of global industrial and supply chains in a very important position and adheres to the right course of economic globalization. It strives to promote the liberalization and facilitation of trade and investment, advance bilateral, regional, and multilateral cooperation, and boost international macroeconomic policy coordination.
It will surely make greater contributions to fostering an international environment conducive to development and creating new drivers for global growth.
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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